Worldcoin has an ambitious vision for the future of crypto. And now, they’re making their first ever acquisition.
What’s happening:
- Tools For Humanity, the development company behind crypto project Worldcoin, has acquired popular Solana based wallet Ottr Finance
Going deeper:
- Ottr Finance rose to enormous popularity for enabling individuals to seamlessly connect their crypto wallet to bank accounts in the United States
- Worldcoin’s acquisition of Ottr Finance is aiming to revolutionize how new Worldcoin users onramp into digital assets and provide a more frictionless experience for individuals who have never before used crypto
- The acquisition of Ottr Finance from Worldcoin comes shortly after their recent announcement of new integrations with technology giants such as Shopify (NASDAQ: SHOP) and Minecraft
By the numbers:
- Worldcoin has 3.9M users across more than 120 different countries
- Worldcoin has launched their Orb technology for verifying individuals in more than 36 countries since officially launching
Yes, but:
- Despite the rapid growth of Worldcoin, the project has garnered major scrutiny from international governments and regulators over privacy concerns due to collecting biomarker data from individuals
- Worldcoin is still unavailable for residents of the United States due to regulatory issues
